Pierce County Real Estate Market Trends

Pierce County had 6,103 new listings in the month of February, a decrease of 3.10% from the previous month. Months of Inventory is currently at 5 months; industry analysts consider 4 to 6 months to be normal range. Monthly Sale prices increased $19,631 from January prices a 5.78% gain for the month. Sale Prices since March 2013 have increased by 7.57% for the year which could indicate another strong year for housing prices.  The housing market seems to be stabilizing as the glut of distressed homes have been sold and the economy is improving.  The 10 year chart below shows that over the years, during the fall and winter months there are decreased valuations which tends to increase again during the new year through summer.  Also prices are still lower than the average price of $394,835 from March 2007; 2007 recorded the highest prices in Washington State.

Washington Realty Group
16202 64th St E Suite B1 SumnerWA98390 USA 
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